Oireachtas Joint and Select Committees

Wednesday, 24 May 2023

Committee on Budgetary Oversight

Sovereign Wealth Funds: Discussion

Photo of Rose Conway-WalshRose Conway-Walsh (Mayo, Sinn Fein) | Oireachtas source

That would be good because the big problem we have is obviously to attract commercial activity when we do not have the basic infrastructure. We spoke earlier about the national grid and what we are losing there in terms of renewables and possibilities along the Atlantic economic corridor. Without those vital pieces, and Deputy Canney mentioned some earlier on around the western rail corridor and others, when the evaluations were made this is taken into account. It was very alarming to hear the Minister for Transport last week on the N17. When Mr. Ashmore mentioned deadweight in terms of not being able to fund something that it is already going to be funded, is there a timescale on that? Basically he and the Taoiseach are saying the N17 would be funded. It will happen but there is no timescale. How far does deadweight go in terms of knowing whether a project is going to be done or not regardless? How do we take the time?

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